Hair Removal Med Spa
www.GlobalBX.com
Listing ID:
700251366
Listing Title:
Hair Removal Med Spa
Quick Link:
http://www.globalbx.com/listing.asp?bId=251366
Industry:
Health and Medical
Industry Segment:
Other Health and Medical
Country:
United States
State / Province:
Texas
Area
Dallas/Fort Worth
City:
Collin County
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$950,000
Cash Flow:
$601,106
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2010
Number of Employees:
4 - 5
Business Description:
The business was established July 2010 in Plano, TX, offering Laser Hair Removal services serving Plano, Frisco, McKinney, Allen, Colony, Lewisville, Richardson, Garland and Dallas, TX. The business sells its services in packages of 6 sessions. Through hard work, dedication and focus on customer service, the business has experienced constant growth and added a second office in early 2015. The owner has created a team that ensures profitability and growth by offering quality services at the lowest prices possible in the market. During the past 5 years, the business has developed a positive name and reputation generating repeat and referral customers. Business model is scalable; the owner feels that many profitable branches could be opened throughout the DFW Metroplex. Speed of growth has been tremendous, to the point that owner is considering the opening of a third location in 2016. The business now has a total of 6 treatment rooms and six state of the art laser machines. Demography of the two locations is very different which shows the diversity of hair removal client needs. Demand for Laser hair removal is continuing to grow: expanding to new locations is inevitable.
The Med Spa industry is very competitive. However, the business' customer-focused reputation has created a client base that is traveling locally and 30 to 40 miles (with a few traveling from Austin, Oklahoma, Arkansas and Seattle). The client base of over 6,000 has grown constantly with an increasing rate. Typical demography is approximately 90 percent female/10 percent male and ages 25 to 60 years old. During the past year, the business has experienced a rapid increase in male clients as hair-less male bodies are becoming more fashionable. This represents a huge untapped market.
The asking price for the assets of the business (2-locations) is $1,200,000 ALL-CASH or $1,600,000 with $800,000 down and $800,000 seller-financed to purchasers approved and qualified by Seller for 5 yrs @ 6%.
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